Dell Technologies Inc. $DELL Shares Sold by Garner Asset Management Corp

Garner Asset Management Corp lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,568 shares of the technology company’s stock after selling 2,672 shares during the quarter. Dell Technologies comprises 1.1% of Garner Asset Management Corp’s portfolio, making the stock its 25th largest position. Garner Asset Management Corp’s holdings in Dell Technologies were worth $2,276,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of Dell Technologies by 8.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 134,088 shares of the technology company’s stock valued at $16,444,000 after acquiring an additional 10,756 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Dell Technologies during the second quarter valued at $2,943,000. Inceptionr LLC acquired a new stake in shares of Dell Technologies during the second quarter worth $986,000. Viawealth LLC lifted its position in shares of Dell Technologies by 3.5% in the 2nd quarter. Viawealth LLC now owns 12,950 shares of the technology company’s stock worth $1,588,000 after buying an additional 437 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Dell Technologies by 15.0% in the 2nd quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock valued at $725,586,000 after buying an additional 771,966 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of Dell Technologies stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total value of $1,003,335.71. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,537,755 shares of company stock valued at $642,644,973 over the last three months. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $133.33 on Thursday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08. The stock’s fifty day moving average is $143.63 and its 200-day moving average is $130.34. The firm has a market capitalization of $89.65 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.96 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. Dell Technologies had a net margin of 5.01% and a negative return on equity of 240.42%. The firm had revenue of $27.01 billion during the quarter, compared to analyst estimates of $27.26 billion. During the same quarter in the prior year, the firm posted $2.15 EPS. Dell Technologies’s revenue was up 10.8% compared to the same quarter last year. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS. Q4 2026 guidance at 3.500-3.500 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies’s payout ratio is presently 30.88%.

Analyst Ratings Changes

DELL has been the topic of several research reports. Sanford C. Bernstein increased their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Morgan Stanley upped their target price on Dell Technologies from $110.00 to $113.00 and gave the company an “underweight” rating in a report on Wednesday. Piper Sandler reissued an “overweight” rating on shares of Dell Technologies in a report on Wednesday. Barclays reduced their price objective on Dell Technologies from $151.00 to $148.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Zacks Research lowered Dell Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.11.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).